OPEC
 
Buoys Will Be Buoys
 
By Rafiq Latta
 
OPEC output eased somewhat in December ahead of a 1.2mn b/d slump in the projected demand for OPEC crude for the first quarter 2013, initial MEES estimates show. But this December’s downward adjustment owed less to collective production discipline than to a fall in Iraqi output, as an export cut-off from Iraq’s Kurdish north combined with ominous technical hitches at newly-installed Single Point Mooring buoy...